520 E. Adams Street

520 E. Adams Street, Long Beach, CA 90805

  • For Sale $4,800,000
  • Property Type Multi-Family
  • Property Size 17,520 SF
  • Units 26
  • Lot Size 0.61 Acre
  • Year Built 1959
  • Date Updated Apr 10, 2025
Discover the vibrant charm of Long Beach, CA, where your investment at this prime location provides easy access to a wide array of attractions. Situated in a thriving neighborhood, the property is surrounded by an abundance of dining, shopping, and entertainment options. From leisurely strolls along the picturesque shores of Long Beach to exploring the cultural offerings of the Museum of Latin American Art and the Long Beach Museum of Art, this area is rich with opportunities. Investors seeking a Multifamily/Low-Rise/Garden property will appreciate the diverse recreational and lifestyle amenities available to potential residents in this desirable location.520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. The city of Long Beach has become one of the Southland’s strongest rental markets, in part due to its central location and rapidly improving neighborhoods. It’s diverse economy includes shipping, trade, manufacturing, tourism, healthcare and education. It is home to California State University Long Beach and one of the busiest ports in the world with The Port of Long Beach.
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Highlights

  • Excellent Unit Mix of 1 & 2-Bedroom Units
  • Priced at $184,615/Unit & $273/SF
  • 10.42 GRM & 6.5% Cap Rate on Current Income
  • 7.94 GRM & 9.4% Cap Rate on Market Rents
  • Easy Upside in Rental Income for a New Owner
  • Ideal Rental Location on Residential Street in North Long Beach

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood DeForest Park
  • Zip Code 90805
  • Market Los Angeles

Points of Interest

  • Del Amo

    2.03 miles

  • Wardlow

    3.48 miles

  • Long Beach Boulevard

    4.04 miles

  • Willowbrook/Rosa Parks

    5.00 miles

  • Pacific Coast Highway

    5.55 miles

  • 103rd Street/Watts Towers

    5.98 miles

  • Avalon

    6.00 miles

  • Anaheim Street

    6.07 miles

  • 5th Street

    6.65 miles

  • Pacific Avenue

    6.74 miles

  • Valero

    0.79 miles

  • Chevron

    1.10 miles

  • Mobil

    1.11 miles

  • Circle K

    1.22 miles

  • Arco

    1.35 miles

  • 76

    1.62 miles

  • Petro Bras

    1.75 miles

  • EVgo

    3.02 miles

  • eVgo

    3.62 miles

  • Blink

    4.59 miles

  • Visitor Parking

    1.52 miles

  • Metro Park and Ride

    2.04 miles

  • parking structure

    2.79 miles

  • Frontier Parking

    3.23 miles

  • visitor parking

    3.68 miles

  • Long Beach Motel

    0.96 miles

  • Crystal Casino & Hotel

    1.96 miles

  • Motel 6

    2.15 miles

  • Royalty Inn

    2.41 miles

  • Artesia Motor Inn

    2.49 miles

  • Bellflower Travel Inn

    2.80 miles

  • Hotel Salina

    2.91 miles

  • Sunshine Motel

    2.94 miles

  • Lucky Lodge Motel

    3.01 miles

  • Rodeway Inn & Suites

    3.04 miles

  • Louisiana Chicken

    0.30 miles

  • McDonald's

    0.31 miles

  • Subway

    0.31 miles

  • Carl's Jr.

    0.36 miles

  • Wendy's

    0.37 miles

  • Robert Earl's BBQ

    0.41 miles

  • KS Donuts

    0.65 miles

  • Douglas Char-broiled Burger

    1.11 miles

  • Lee's Sandwiches

    1.13 miles

  • Jack in the Box

    1.15 miles

  • David Starr Jordan High School

    0.27 miles

  • Grant Elementary School

    0.68 miles

  • Saint Johns School

    0.74 miles

  • Hamilton Middle School

    0.88 miles

  • Starr King School

    0.92 miles

  • Saint Athanasius School

    1.08 miles

  • Harte Elementary School

    1.14 miles

  • Lindbergh Middle School

    1.15 miles

  • Addams Elementary School

    1.18 miles

  • Kelly Elementary School

    1.36 miles

  • Artesia Head Start

    0.80 miles

  • The Learning Box Childcare & Enrichment Center Inc

    1.88 miles

  • Oak Wood Academy

    2.85 miles

  • Rancho Los Amigos Daycare

    4.13 miles

  • injoy life

    4.21 miles

  • Montessori Academy of Downey

    5.87 miles

  • Locke Early Education Center

    6.49 miles

  • A Village Child Care

    6.50 miles

  • Great Beginnings

    7.00 miles

  • Codela Pre-School

    7.20 miles

Frequently Asked Questions

How much does 520 E. Adams Street cost?

The space currently listed for sale at 520 E. Adams Street asks for $4,800,000.

What is the total square footage of 520 E. Adams Street?

520 E. Adams Street totals 17,520 square feet.

When was this property built?

520 E. Adams Street was built in 1959.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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